Tuesday, October 19, 2010

October 19th EKG & AM comments

NOW THAT'S more LIKE the EKG we've all come to LOVE
Sometimes, there is a ROLL OVER at the EOD into the next morning
and it looks like yesterday's EKG may have reflected that

Jay


Tuesday. today is scheduled to sell off as previously mentioned

Was yesterday an 5th wave EDT ?

Yesterday's outlook as published-- HOLD off & Dont risk $$

Today outlook= Unexpected disruptions & expenses
today is a PHI cluster date according to one subscriber- Lucas series

hmm -70% chance of rain today- fwiw ??

Activity index yesterday AM low was 66, mid day high 233, and ended at 100
Today was at 266 at 6am, at 9am is now dropping lower to 133

FLUX very active last week was QUIET yesterday, but TODAY is highly active again

Ok, I know what your thinking
morning sell off and then back to biz
B of A earns improving losses, so we should NOW buy it- hmm
where were you when it was trading at $4. Dont touch it- hah

180 day lo to lo -- Feb8
360 day high to lo -- 9/3/08
convergence of cycles on Friday

Full moon Friday late day indicates finding a balance & financial improvement
13 day cycle segment at 10:20
Neg energy at 11:35
156 bars at 11am

Jay

13 comments:

  1. Gold HIGH hit1382 on Thsday
    Dollar low hit 76.20 on Friday
    SPX hit high 1186 on Monday

    Is a BIG turn in order right now?

    Jay
    spx opens at 1170
    will that hold ?

    ReplyDelete
  2. Short term cycle pivot due tomrrow at 11am
    13day at 11am
    258bars at 11am

    BUT neg energy could override that cycle into Friday, after a brief reprieve Wed on that pivot

    Jay
    Remember the Monthly trends
    had been HIGHS on or about 18th-20th every months since Mar lows of 2009.And lows early in the month

    JUly 2 low got Aug9th high
    Spt 2nd low = 20th high
    Oct 4th low =18th high

    NOW we are expecting Nov 4th low

    so that trend has not changed, it just got muted since the July low, and less discern-able until NOW

    Jay

    ReplyDelete
  3. someone bought bac $10 puts yesterday about 30k contracts.

    ReplyDelete
  4. Reza
    BAC puts
    buy low sell high
    {GG}
    someone is coming late to the party
    where was that person at $19
    probably buying calls

    But there should be more to come for those puts

    NEW TWITTER indicator
    FEEL SAD 3 days prior to top
    thats right
    FEEL SAD
    they are tracking key words that people use on twitter to ID when the mkt is at turns

    Jay

    ReplyDelete
  5. FINALLY
    GOLD getting what it deserves
    I published a graph several times showing heavy internal weakness

    Any decline now has been touted as
    an indication of the trend for the next 6 months

    I cannot ADHERE to such nonsense

    but thats what sets up the next
    run up thru Jan 24th

    And Gold should also follow as its seasonal tops are usually found end of Jan

    China raises interest rates
    DOLLAR rally on that one, stocks & Gold fall

    It used to be GM & IBM moved the markets, now its CHINA.
    however, IBM, AAPl all time highs


    Jay

    ReplyDelete
  6. My simple understanding is you print $ 50 to $100 billion per month, no matter how the money circulates, be it be in the stock market or whatever, then at the end of the month trade deficit is $ 100 billion, so the printed money is gone overseas as we import more from overseas. Now wonder why businesses are not hiring? Am I missing something here

    ReplyDelete
  7. CHECK out the 10 year SPX chart
    using the link for trendsby3

    Jay

    ReplyDelete
  8. I guess wait until BAC hits 10 and JPM 32

    ReplyDelete
  9. http://blogs.barrons.com/stockstowatchtoday/2010/10/19/bank-of-america-sags-report-pimco-blackrock-putting-back-mortgages/?mod=yahoobarrons

    ReplyDelete
  10. NOW HEAR THIS

    SELLING OVERDONE -TODAY -

    just ask CNBC - haha

    Hmmm
    see what they say tomrrow at 11am

    Jay

    ReplyDelete
  11. Tomrow's EKG agrees with POWER data

    Start DOWN till at least 11am

    CONVERGENCE of
    13day & 258 bars
    Powerful PIVOT

    How low can you go?

    11am

    Might linger till noon, but dont hold your breadth

    what price level for spx
    some of you have a better fix on that than I do.

    Jay

    ReplyDelete
  12. Jay - if we break today's low then the next level down are 1155 and then 1150 being a major level ...

    So now looking for down till 11 am, then up till oct 21/22

    Not sure ...since your thu reading was down .... then friday supposed to improve afternoon ...

    ReplyDelete
  13. Jay,

    Can you clarify your view on gold?

    From the indicators I follow, gold is not going to have a good time of it going forward for a good while.

    I also have indications of heavy distribution into higher prices on gold going on for months now.

    Thanks

    ReplyDelete